"If I can buy four yachts from my investments, why should I care if my manager can buy one for himself?"
One of the most frequent assertions by fund managers across the UK investment press over the last year has been that, while the domestic economy may be set for anaemic growth, UK companies are set to fare a lot better.
A year ago, a key concern for investors was the level of national debt inherent in many developed economies.
The new Chancellor George Osborne said his first budget was both ‘unavoidable' and an ‘emergency' and yet many of his policies had the look of being well thought out and planned.